Commitments and contingent liabilities (Tables)

6 Months Ended

Jun. 30, 2012

Significant Industry Concentrations Related to Credit Exposure

Significant industry concentrations related to credit exposure at June 30, 2012 are disclosed in the Financial institutions portfolio exposure table and the Commercial portfolio exposure table below.

Financial institutions portfolio exposure	June 30, 2012
(in billions)	Loans		Unfunded commitments		Total exposure
Banks	$	5.5	$	1.7	$	7.2
Securities industry		3.5		2.0		5.5
Insurance		0.2		4.4		4.6
Asset managers		1.1		3.5		4.6
Government		-		1.7		1.7
Other		0.2		1.3		1.5
Total	$	10.5	$	14.6	$	25.1

Commercial portfolio exposure	June 30, 2012
(in billions)	Loans		Unfunded commitments		Total exposure
Services and other	$	0.7	$	5.4	$	6.1
Manufacturing		0.3		5.4		5.7
Energy and utilities		0.3		4.9		5.2
Media and telecom		0.1		1.6		1.7
Total	$	1.4	$	17.3	$	18.7

Summary of Off-Balance Sheet Credit Risks, Net of Participations

The following table presents a summary of our off-balance sheet credit risks, net of participations.

Off-balance sheet credit risks (in millions)	June 30, 2012		Dec 31, 2011
Lending commitments (a)	$	29,448	$	28,406
Standby letters of credit (b)		6,462		6,707
Commercial letters of credit		217		437
Securities lending indemnifications		275,093		268,812
Support agreements		40		63

(a) Net of participations totaling $285 million at June 30, 2012 and $326 million at Dec. 31, 2011.

(b) Net of participations totaling $1.4 billion at June 30, 2012 and $1.2 billion at Dec. 31, 2011.

Standby Letters of Credits (SBLCs) by Investment Grade

The table below shows SBLCs by investment grade:

Standby letters of credit	June 30, 2012			Dec. 31, 2011
Investment grade		91	%		91	%
Non investment grade		9	%		9	%